002366SZSE

Announcement on Providing Counter-Guarantee for Subsidiary Financing and Related Party Transaction Forecast

✨ AI Summary

Rongfa Nuclear Power Equipment Co., Ltd. plans to provide a counter-guarantee for its subsidiary, Rongfa Chen Hai Intelligent Equipment Co., Ltd., for a project loan. The counter-guarantee amount is capped at RMB 1.275 billion, representing 51% of the loan principal. This is a related party transaction as Rongfa Chen Hai is a subsidiary. The board and independent directors have approved the proposal, which requires shareholder approval.

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Securities Code: 002366 Securities Abbreviation: Rongfa Nuclear Power Announcement No.: 2026-017 Rongfa Nuclear Power Equipment Co., Ltd. Announcement on Providing Counter-Guarantee for Subsidiary Financing and Related Party Transaction Forecast The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or major omissions.

I. Overview of Guarantee Forecast (I) Introduction to Counter-Guarantee Rongfa Nuclear Power Equipment Co., Ltd. (hereinafter referred to as the "Company") holds a 51% equity interest in its related party Shandong Rongfa Chen Hai Intelligent Equipment Co., Ltd. (hereinafter referred to as "Rongfa Chen Hai"), which is a second-level holding subsidiary of the Company. To meet the capital needs of Rongfa Chen Hai's own business operations, Rongfa Chen Hai has applied for a project loan from financial institutions. Its major shareholder, Qingdao Military-Civil Integration Development Group Co., Ltd. (hereinafter referred to as "Rongfa Group"), provides a full guarantee for the principal and interest of such operating loans. The other shareholders provide counter-guarantee measures, including but not limited to credit guarantees and asset mortgages, proportional to their equity. According to the business forecast for Rongfa Chen Hai in 2026, its financing amount is expected to not exceed RMB 25 billion. The Company intends to provide a counter-guarantee for the full principal and interest guarantee provided by Rongfa Group to Rongfa Chen Hai (the counter-guarantee amount is calculated based on the 51% shareholding ratio, not exceeding RMB 1.275 billion in principal and corresponding interest), and this amount can be used cyclically.

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